09:46 AM EST - Monarch Mining Corporation : Reports the production of its first gold bar from its wholly-owned Beaufor Mine and Beacon Mill, located east of Val-d'Or, Quebec. During the production for the month of July, the Beacon Mill achieved a record day of 765 tonnes of ore and ore recovery ranged from 96.3% to 98.7%. While this data is preliminary at this stage of the milling process, it is nonetheless a very positive result. After this first pour, the ore stockpile currently stands at 23,914 tonnes at an average grade of 4.76 g/t Au. Monarch Mining Corporation
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